New York City-based New Fortress Energy LLC (NFE) continues to pursue rapid growth in underserved natural gas markets across the world, announcing plans to enter the offshore liquefaction space and build an import terminal in Southeast Asia. 

The company, which is focused on delivering liquefied natural gas (LNG) to markets that lack access to the fuel, has sanctioned a 1.4 million metric ton/year (mmty) floating LNG (FLNG) facility that could be deployed anywhere there’s stranded gas. The company purchased two jackup oil rigs for $30 million that it plans to outfit with small-scale modular liquefaction trains. NFE said the project, dubbed “Fast LNG,” would come at a lower cost and could be deployed quicker than conventional FLNG technology, which uses larger trains on...